In a first for any Indian state, Nadunow has its own Artificial Intelligence (AI)-generated NFT (non-fungible token) representing the state.
Titled Netru, Indru, Nalai (Yesterday, Today and Tomorrow), the NFT showcases TN’s past, present and future, and was launched by the state IT ministerMano Thangarajhere on Wednesday at the TechNext 2022 Web3 conference organized by Confederation of Indian Industry (CII). The NFT is set to be auctioned, and the proceeds will be used to set up a Web 3 Centre of Excellence (CoE) in the state, the state officials said. NFTs are digital assets on a blockchain with unique identification codes, and serve as digital collectibles that cannot be amended.
Tamil Nadus iTNT hub will be live in the next 2-3 months, and will function as the largest deep tech incubator in the country.
The minister also released a CII report titled ‘Metaverse and Web 3.0 opportunities in India – Nurturing Tamil Nadus Growth ambitions through nextgen technologies’ in association with KPMG. The report notes that Tamil Nadu and Chennai in specific is emerging as a technology hub with a broad spectrum of new age technologies includingmetaverse, web 3.0, blockchain and others.